-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic...
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Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
More »More money for social schemes in 2019 run-up
-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...
More »The Indian economy finally bares its demonetisation scars -Manas Chakravarty
-Livemint.com Very low GDP growth in the fourth quarter indicates that the slowdown is likely to persist in the current quarter as well Finally, the impact of demonetisation is visible in the gross domestic product (GDP) numbers. Gross value-added (GVA) growth at constant prices fell to a mere 5.6% in the fourth quarter of fiscal year 2017 (FY17), clearly showing the scars of demonetisation on the economy. That’s not all. The headline growth...
More »Waiving loans doesn't end the distress -Rajalakshmi Nirmal
-The Hindu Business Line The solution lies in better prices for produce, generating non-farm income, and reducing costs of farming After the Yogi Adityanath government waived farm loans of about ?36,000 crore for UP farmers, pressure has mounted on other States to follow suit. But contrary to common belief, debt waivers aside from possibly guaranteeing electoral victory, do little to alleviate the plight of farmers. Neither do they help kick-start the rural...
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